Best and Worst Things to Spend Money On

Mark Gordon BrownStarred Page By Mark Gordon Brown, 7th Sep 2012 | Follow this author | RSS Feed
Posted in Wikinut>Money>Shopping

While some things are a total waste of money, there are other things that you should consider spending your money on. Learn what things you should plan on buying and what things are a waste of money.

Best Things to Spend Money On

Food. You should spend money on good food. Ideally buy organic and locally grown food. Organic food might cost more but is a lot better for you and for the environment in general. Locally grown, or produced food, keeps your money in your local economy, and is environmentally friendly because of less shipping.

Education. It is wise to spend money on education, either your own or to save up money for your children's education. Education opens all kinds of doors and should be a financial priority.

Travel. I enjoy traveling, seeing other parts of the world is an eye opening experience. While many people travel to see relatives I suggest traveling to some place new, perhaps a third world country, to see how life is for the majority of the world's population. See my Travel Challenge for articles on people's travel experiences from all over the world.

A Home. Buying a house is an investment in your future. Generally property values increase even if they decrease at least you still have something you can sell, and can get some of your money back. In the mean time you still need shelter. If you are frugal you should try to save your money first and make a large down payment so you can even have a mortgage that is lower than rent.

A Garden. A garden is a private place where you can relax. You can grow your own food, or even just grow flowers and trees for your own enjoyment. Having a garden is good for the environment too (please do not pollute your garden with pesticides and herbicides). Shade trees will keep your home cool in the summer. Note that by “Garden” I do mean pretty much anything other than just a lawn.

Money Wasters

In order to have more money to spend on the best things, you can eliminate some of these other things from your budget. I suggest that bad things to spend money on are fashion, scents, and junk.

Sure, I love fashion too, but some people waste a lot of money on it, buying things they only wear once. Scents are unnecessary, if you want a “clean” smell, try fresh air. Some products such as scented candles and room sprays, might even cause cancer. By junk I refer to all those things you buy for around the house that end up going to the second hand store in a few years, or that become nothing more than clutter, "dust collectors".

For your Further Consideration

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Why Everyone should have Pet Chickens

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Best, Budget, Budgeting, Buy, Food, Frugal, Money, Shopping, Spend, Spending, Tips, Waste, Worst

Meet the author

author avatar Mark Gordon Brown
Raised in Michigan, I have a son who recently joined the Military. I am living in Canada with my wife where we have a hobby farm.

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author avatar Rhonda Humphreys
7th Sep 2012 (#)

Great suggestions Mark.

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author avatar Delicia Powers
8th Sep 2012 (#)

I shop for food each week but seldom shop otherwise...the objects I love and mean home to me are ones I have had for years...I guess that's what growing older is all about...LOL...Great article Mark

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author avatar cnwriter..carolina
8th Sep 2012 (#)

this is a most charming piece Mark and I agree with all you most of them except having my own house....thank you

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author avatar deepa venkitesh
8th Sep 2012 (#)

junk adds to the negative energy. We have stopped buying unnecessary items.

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author avatar deepa venkitesh
8th Sep 2012 (#)

Thanks for the article, will tweet

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author avatar Sivaramakrishnan A
8th Sep 2012 (#)

Practical take, Mark. We have to find a way to keep away from hard sell tactics. We are easily led into a trap and end up with items that we do not require - siva

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author avatar Denise O
9th Sep 2012 (#)

I pretty much lead my life the way you have suggested. I find spending big time bucks on kids clothes a bust, they grow so fast and it is just not worth it. Matter of fact, I am about to wake the hubby up so we can go to some yard sales, what is one mans trash, is anothers treasure, as they say. Now as far as buying a home, it can be a blessing for sure, as you then have your own decisions on what you want to do with your homestead, the only bad thing is, we are so underwater with our home, after the housing bubble crash, that we will never get out what we have put in but, to be honest, if we rented, our rent would be more than if we just stay at our home and take that financial hit, oh well. Great suggestions. As always, thank you for sharing.:)

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author avatar Sandralee
10th Sep 2012 (#)

Thanks Mark good point. I learned many years ago as I did house keeping for quite a few people that were "collectors" It is time consuming to have to dust each piece weekly and the mess to clean if they are broken.

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author avatar Sandralee
10th Sep 2012 (#)

one thing less to dust and too many clothes is too much laundry.

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author avatar Agnes Chin
20th Sep 2012 (#)

can not agree with you more..other than spend on food, children education and house mortgage, basically there is not much left for other luxuries like fashion..inflation is high in my country..

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author avatar Marsha Cooper
6th Feb 2015 (#)

I don't think I have bought any new clothes in years past a very few pieces from a clearance rack! Our Salvation Army has a $7 fill a shopping bag day once a month. I've not even done that in over a year.
I don't buy scents as far as perfume and such. If I want some of that I have a whole drawer of the paper samples from the many free magazine subscriptions that I get in the mail.

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